Friday, July 22, 2011
There is new optimism, fresh capital and a familiar face at the wheel of financially ailing LTL giant YRC Worldwide as it hopes to end a five-year slump in which it has lost in excess of $2.6 billion, and tries to shed its infamous title of biggest money-loser in the history of trucking.
Rail traffic was mixed for the week ending July 16, according to data released by the Association of American Railroads (AAR).
FTR Associates reported that while business conditions remain largely uncertain, things are improving for shippers.
Thursday, July 21, 2011
The ongoing drama at the Port of Long Beach took another turn this week when a federal judge ruled that the port made a crucial mistake three years ago by modifying its clean trucks program as part of a settlement with the American Trucking Associations
Regarding Matson and its suite of services offered by the three entities – Matson Integrated Logistics, Matson Global and Matson America – the single brand will differentiate its
full range of services.
Following a proposed multi-year transportation reauthorization by the Republican Leadership of the House Transportation and Infrastructure Committee, the Senate’s Committee on Environment and Public Works has unveiled an outline for its take on new legislation.
A cloud pioneer sees more manufacturers and distributors taking to the cloud
Following nine months of order backlogs for Class 8 trucks, June saw a less than 1 percent decrease, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles. This marked the second consecutive month of slower order activity, according to ACT, with net orders hitting 21,266 units on a non-seasonal basis, which was 9 percent lower than May’s output. This data was featured in ACT’s most recent State of the Industry report.
Wednesday, July 20, 2011
Class I railroad carrier CSX got things rolling on the tracks with record-setting second quarter earnings of $506 million and $0.46 per share for a 28 percent annual gain. This topped Wall Street estimates in the $0.44 per share range.
The company yesterday rolled out an average GRI of 6.9 percent which will cover non-contractual shipments in the United States, Canada, and Mexico, with increases varying by lane and shipment type, according to company officials.